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In January 2017: Avianca Holdings and its subsidiaries carried more than 2.6 millions passengers

In January 2017: Avianca Holdings and its subsidiaries carried more than 2.6 millions passengers

In January 2017, Avianca Holdings and its subsidiaries carried 2,635,662 passengers, a 5.7%
increase over the same period in 2016

Bogota, February 16, 2017. In January, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) (*)transported 2,635,662passengers, an increase of 5.7% compared to January 2016. Capacity, measured in ASKs (available seat kilometers), increased 6.5%, while passenger traffic, measured in RPKs (revenue passenger kilometers), increased 10.4%. The load factor for the month was 85.3%, an increase of 300 bps compared to the same period of 2016.

Domestic markets in Colombia, Peru and Ecuador

In January, the subsidiary airlines of Avianca Holdings transported within each of these markets a total of 1,511,729 travelers, an increase of 1.7% compared to January 2016. Capacity (ASKs) remained stable while passenger traffic (RPKs) increased 2.1%. The load factor for the month was 82.2%, an increase of 180 bps compared to the same period of 2016.

International markets

In January, the affiliated airlines of Avianca Holdings transported 1,123,933 passengers on international routes, up 11.6% compared to January 2016. Capacity (ASKs) increased 8.2%, while passenger traffic (RPKs) increased 12.5%. The load factor for the month was 86.1%, an increase of 330 bps when compared to the same period of 2016.

Operational Statistics

Jan-17

Jan-16

Δ YOY

YTD 2017

YTD 2016

Δ YOY

Avianca Holdings (Consolidated)

PAX (K)1

2,636

2,493

5,7%

2,636

2,493

5.7%

ASK (mm)2

4,213

3,957

6.5%

4,213

3,957

6.5%

RPK (mm)3

3,593

3,255

10.4%

3,593

3,255

10.4%

Load Factor4

85.3%

82.3%

300bps

85.3%

82.3%

300bps

Domestic Market

PAX (K)1

1,512

1,487

1.7%

1,512

1,487

1.7%

ASK (mm)2

838

838

0.0%

838

838

0.0%

RPK (mm)3

689

674

2.1%

689

674

2.1%

Load Factor4

82.2%

80.4%

180bps

82.2%

80.4%

180bps

International Market

PAX (K)1

1,124

1,007

11.6%

1,124

1,007

11.6%

ASK (mm)2

3,375

3,119

8.2%

3,375

3,119

8.2%

RPK (mm)3

2,905

2,581

12.5%

2,905

2,581

12.5%

Load Factor4

86.1%

82.8%

330bps

86.1%

82.8%

330bps

1PAX: Passengers carried

2ASKs: Available Seat Kilometers

3RPKs: Revenue Passenger Kilometers

4Load Factor:Represents utilized seating capacity

The terms "Avianca Holdings" or "the Company" refer to the consolidated entity.

The original source-language text of this announcement is the official, authoritative version, Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.

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